With respect to Binance, I'm reading through the SEC complaint. It's over 130 pages, but seems like the next in a series of steps to implement chokepoint 2.0 in the United States. The end goal is a agenda based CBDC partnered with a handful of massive banks and end-to-end control over every aspect of your financial life.
A regulatory event is where you have a debate about compliance with a law or guidance. This event seems to be a polticial philosophical disagreement with the very existence of cryptocurrencies and what they represent. An unelected group of people have decided that concepts like self-sovereign identity, owning your wallet, and the freedom to control your economic agency should be removed from the masses and given to the "enlightened" few.
Honestly, what is happening isn't anything new. It's always the same fight between freedom and authoritarianism just with different players, technology, and words. It does seem like this event is a perfect opportunity for the entire industry to set aside it's fragmented nature and unite for a common sense set of rules and guidelines that can prevent the United States from slipping into a distopia that would make 1984 look like a vacation.
I'll have more to say later, but will close with we are going to be fine. Everything's alright and the future is bright for the industry.
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How do we create a culture where it's harder to set (or become) the topic of public conversation by doing something terrible and easier to do so by doing something great?
"The Biden administration has issued at least 31 new drilling permits authorizing operations on federal land and coastal waters."
Well well well... while we do appreciate beautiful speeches and promises - we prefer action.
https://t.co/kKfBFSXjxt
‼️@BrianKarem: Do you commit to making sure there is a peaceful transfer of power?
@realDonaldTrump: We're going to have to see what happens....Get rid of the ballots, there won’t be a transfer, they’ll be a continuation.
Words of a wannabe dictator.🤬